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thyssenkrupp AG (TKAG.DE)

TKAG.DE on Xetra

7.03EUR
7 Aug 2020
Change (% chg)

€0.01 (+0.11%)
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Fri, Jul 31 2020

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Thyssenkrupp closes $20.4 billion elevator sale

FRANKFURT Thyssenkrupp said on Friday it had closed the 17.2 billion euro ($20.4 billion) sale of its elevator division to private equity firms, giving the conglomerate a cash lifeline but robbing it of its best asset.

Thyssenkrupp closes $20.4 billion elevator sale

FRANKFURT Thyssenkrupp said on Friday it had closed the 17.2 billion euro ($20.4 billion) sale of its elevator division to private equity firms, giving the conglomerate a cash lifeline but robbing it of its best asset.

UPDATE 2-Thyssenkrupp closes $20.4 billion elevator sale

* Shares up around 3% (Adds details on Thyssenkrupp, comments from new owners)

Thyssenkrupp closes $20.4 billion elevator unit sale

FRANKFURT, July 31 Thyssenkrupp on Friday said it successfully closed the 17.2 billion euro ($20.4 billion) sale of its elevator division, leaving the ailing conglomerate with a cash lifeline but robbing it of its best asset.

Thyssenkrupp must quickly present strategy, steel solution - Deka

FRANKFURT Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said.

Thyssenkrupp must quickly present strategy, steel solution: Deka

FRANKFURT Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said.

Thyssenkrupp must quickly present strategy, steel solution -Deka

FRANKFURT, July 28 Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said.

Thyssenkrupp will fall apart without steel: deputy chairman

MUNICH Thyssenkrupp should stay in the steel industry, its deputy supervisory board chairman said, in a challenge to the broader management view that no option has been ruled out for a division under pressure from weak demand.

Cevian sees SSAB as healthiest steel partner for Thyssenkrupp: sources

FRANKFURT Activist fund Cevian, Thyssenkrupp's No.2 shareholder, has identified Swedish steelmaker SSAB as the financially strongest partner for a potential steel tie-up, two people familiar with the matter said.

Exclusive: Thyssenkrupp to explore further options for boosting finances - memo

DUESSELDORF Thyssenkrupp is seeking new ways to strengthen its balance sheet, including through state aid programmes, after its finances took a hit during the coronavirus crisis, according to a company memo seen by Reuters on Friday.

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